Andrew Van Dam Tells Us CBO Is Wrong, Productivity Growth Is About to Soar

That is the gist of a piece telling us that automation (a.k.a. productivity growth) will surge in the next recession. Since the Congressional Budget Office (CBO) and most other forecasters project continued slow productivity growth, the prediction of an imminent surge in automation goes against standard views in the economics profession.

I have to say, the basic story here is hard to follow. Here are the first two paragraphs:

"Robots’ infiltration of the workforce doesn’t happen gradually, at...